IBISWorld’s Hand Tool Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Market Share of Companies

Snap-on Inc.

Stanley Black & Decker Inc.

Industry Statistics & Market Size

Revenue

$7bn

Annual Growth 10-15

0.9%

Annual Growth 15-20

Profit

Employment

25,500

Businesses

960

Industry Analysis & Industry Trends

The Hand Tool Manufacturing industry has exhibited a strong postrecessionary performance, as revenue growth has been consistent through the five years to 2015. The improving economic climate has facilitated a greater willingness by consumers to spend on home improvement projects. Over the next five years, the industry may be subject to slower demand from consumers, increased competition from foreign goods and elevated input costs for materials such as steel, aluminum, fiberglass and plastics. In general, the industry's products are built for an extended lifespan, and the replacement cycle for such tools is slow.... purchase to read more

Industry Report - Industry Products Chapter

The Hand Tool Manufacturing industry produces over 100 products ranging from axes and blowtorches to nonelectric can openers and putty knives. These products can be broken into roughly three segments: mechanics' hand service tools, precision measuring tools, and agricultural and woodcutting tools.

Mechanics' hand service tools

Mechanics' hand service tools make up the majority of the industry's revenue with about 35.5% of total revenue in 2015. These tools are mainly used in automobile, aircraft, truck or industrial machinery industries. Products in this segment include, cutters, scrapers, files, screwdrivers, sockets, jacks (non-hydraulic or pneumatic) and blowtorches... purchase to read more

What is the Hand Tool Manufacturing Industry?

This industry primarily manufactures hand tools, including mechanics' hand service tools, precision measuring tools, agricultural tools and woodcutting tools. This industry does not include power hand tools of any kind (electric or hydraulic).